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Waronker has invested in the ownership of various minor league ice hockey teams, and was the lead investor and owner of the Florida Seals (Orlando), Macon Trax, Jacksonville Barracudas, Miami Manatees, and Asheville Aces. Waronker also was the founder of the World Hockey Association 2, which eventually merged several of its teams with the defunct SEHL to form the Southern Professional Hockey League (SPHL). Waronker provided much of the start up capital for all teams, including several he did not have an ownership interest in including Lakeland, Florida and Birmingham, Alabama. Today, Waronker still retains an interest in one “AA” hockey franchise